Corporate treasuries have surpassed ETFs in bitcoin buying for a third consecutive quarter as more companies try to benefit from the MicroStrategy playbook in a more crypto-friendly regulatory environment. The stock is set to trade on the New York Stock Exchange under the ticker “FIG,” according to the filing. The company disclosed $749 million of revenue for 2024, with a net loss of $732.1 million. The Dow Jones Industrial Average climbed on Tuesday as investors rotated out of technology stocks to kick off the second half of 2025. Tesla shares were up nearly 3% in recent premarket trading, putting the stock in position to recover all of the ground that was lost after the fracas between Musk and Trump. Quantum computing stocks jumped in early trading Wednesday after Nvidia (NVDA) CEO Jensen Huang said that the industry is “reaching an inflection point.”
- “There is less visibility to the developent story than same store sales, but it would be more impactful to the long-term story if our concerns do transpire,” Charles told clients in a research note.
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- The shares included in it are weighted according to price; the index level represents the average of the shares included in it.
- Musk has also said Tesla’s plans for a more affordable Tesla model are on track to launch this month as well, but details about that potential launch have yet to be released.
- In another win for bitcoin bulls, the 50-day moving average (MA) crossed above the 200-day MA last month to form a bullish golden cross signal.
Defense stocks rise following airstrikes, Tesla robotaxi debut
Ahead of the earnings report, traders were pricing in the likelihood of a big move in Oracle’s stock price. Market participants also welcomed news of progress made in trade talks between U.S. and Chinese officials, who met in London on Monday and Tuesday. The countries announced that a framework had been reached that would allow for the implementation of an agreement reached last month in which the U.S. and China slashed the massive tariffs they had imposed on one another. Trump said in a post on Truth Social this morning that a “deal with China is done,” subject to approval from him and Chinese President Xi Jinping. Get the latest updates on US markets, world markets, stock quotes, crypto, commodities and currencies. Trump renewed his threat to hit major trading partners, sending stock markets tumbling.
EA Sports teased the return of a college basketball video game on Monday, and that could be an early step to another hit for the video game company, according to Deutsche Bank analyst Benjamin Soff. CEO Lip-Bu Tan, who took over the top spot in mid-March, has launched a major restructuring effort. Tesla’s (TSLA) stock is rising for a fourth straight day and was recently right around the price at which it closed June 4. That was the session before a spat between CEO Elon Musk and President Donald Trump led to a remarkable series of social-media posts and statements that culminated in a one-day drop of about $150 billion in Tesla’s market value. Tesla’s market value is meanwhile back above $1 trillion, according to Visible Alpha data.
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Last month, Bloomberg reported that Tesla was targeting a June 12 launch for the autonomous ridesharing service, while Musk had previously only said the program was on track to launch sometime this month. In its own posts hours before Musk’s, the Tesla X account posted a robot and car emoji, and responded to another user sharing video of what appeared to be a Tesla with no one in the driver’s seat being tested on the roads of Austin, Texas. Huang’s comments during his keynote speech at the chipmaker’s GTC Paris developer conference marked a more optimistic take by the Nvidia CEO, who said early this year that quantum computing technology is 15 to 30 years away.
Japan’s Nikkei 225 benchmark fell 1.24% to end the day at 39,986.33 after hitting an over 11-month high in its previous session, while the broader Topix index declined by 0.73% to settle at 2,832.07. Analyst Steven Sheeckutz kept his buy rating and upped his price target by $3 to $58 to account for the stock’s recent multiple expansion, he said. His new price target indicates about 35.2% potential upside for the stock, which has jumped 15.3% year to date.
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While Zachary Hill, head of portfolio management at Horizon Investments, doesn’t believe the market expects “very much,” volatility could still be on the horizon. Shares in Quantum Computing (QUBT) were up nearly 30% in recent trading, while Rigetti Computing (RGTI) surged 18% and D-Wave Quantum (QBTS) shares added 2%. Shares in quantum computing firm IonQ (IONQ), which announced the acquisition of a U.K. Of the 13 Oracle analysts tracked by Visible Alpha, 6 recommend buying the stock and 7 have assigned it a “hold” rating. The average price target of $174.42 is about 2% below the stock’s closing price on Tuesday.
Dow Jones Stocks List (by Dollar Volume)
Today, for example, inflation data and the appearance of progress on the trade front gave investor sentiment a boost. US stocks moved higher on Thursday as President Trump again urged the Fed for a jumbo rate cut amid easing inflation pressures despite renewing “take it or leave it” tariff threats on trading partners. Sweetgreen shares are under pressure Tuesday, sliding more than 3%, after TD Cowen cut its rating to hold from buy, and trimmed its price target by $10 to $15. Analyst Andrew Charles said he thinks Sweetgreen shares will trade at a lower multiple, on par with its peers, as it tries to expand into “new, unproven geographies.” Traders are hoping for deals between the U.S. and its trading partners, as Trump’s 90-day reprieve on his steepest tariffs is set to expire next week.
But the process was delayed over the last two years as complaints were submitted by competing nuclear energy providers, according to Barron’s. “Oracle is well on its way to being not only the world’s largest cloud application company—but also one of the world’s largest cloud infrastructure companies,” Catz added. “FY25 was a very good year—but we believe FY26 will be even better as our revenue growth rates will be dramatically higher,” said Catz. The gains came as cloud infrastructure revenue jumped 52% to $3 billion, making it Oracle’s fastest-growing segment, though the figure was slightly short of Wall Street estimates. Sign up for CNN Business’ newsletter for the top stories you need to know. By entering your email address, you agree to our Terms of Use and acknowledge the Privacy Policy.
Analysts polled by Visible Alpha were looking for $68.9 million, or $0.16 per share. Meanwhile, the company is exploring selling a minority stake in its struggling shops in China, and has received a “lot of interest” from potential partners, CEO Brian Niccol recently told The Financial Times. The coffee chain’s shares were recently up more than 4% to above $95, within range of the roughly $100 they last closed above in March before sinking below $80. Once it receives the necessary permits to start building its “Aurora powerhouse” small modular nuclear reactors, the startup will “design, construct, own, and operate” a plant to provide power to the Eielson Air Force Base in Alaska. CEO Safra Catz said Oracle expects cloud infrastructure growth to increase from 50% in fiscal 2025 to more than 70% in fiscal 2026.
- For the second quarter, Chewy forecast adjusted EPS of $0.30 to $0.35 and sales of $3.06 billion to $3.09 billion, while analysts currently expect $0.31 and $3.04 billion, respectively.
- Shares were down about 5% in extended trading hours after the company announced a public offering of $400 million in stock.
- Bitcoin was at $108,600 in late-afternoon trading, down from an overnight high of $110,300.
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- On Tuesday evening, Musk responded to a user asking questions about the launch of Tesla’s robotaxi program, saying it will launch “tentatively, June 22.”
Public companies acquired about 131,000 coins in the second quarter, growing their bitcoin balance 18%, according to data provider Bitcoin Treasuries. Chewy shares were down 12% in mid-afternoon trading but remain 20% higher in 2025. In another win for bitcoin bulls, the 50-day moving average (MA) crossed above the 200-day MA last month to form a bullish golden cross signal. The digital currency has gained about 16% since the start of the year, far outpacing the performance of major stock indexes. Prices surged in afternoon trading amid reports that the State Department had ordered the departure of all nonessential personnel at the U.S.
Shares have dropped more than 17% in 2025, a turn from the two strong years that came before. The bank said the Wrangler parent has “strong brand momentum” with an “attractive growth opportunity.” Specifically, the firm pointed out the company’s acquisition of Helly Hansen, which Goldman said helps diversify the portfolio. “In effect, we went on hold when we saw the size of the tariffs and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs,” Powell said. Elsewhere, electric vehicle maker Tesla fell 5% after Trump suggested in a post on Truth Social that the Department of Government Efficiency (DOGE) should look into the government subsidies that CEO Elon Musk’s companies have received. Musk has also said Tesla’s plans for a more affordable Tesla model are on track to launch this month as well, but details about that potential launch have yet to be released. The stock was down 5% at around $21 in recent trading, giving back much of the 8% it gained on Tuesday, when it paced S&P 500 advancers.
Pre-market US stock movers
The company last month said it had recently bought more than 4,700 bitcoin. GameStop (GME) shares fell in extending trading after the company announced plans for a big convertible notes offering expected largely to fund its Bitcoin-buying aims. Oracle (ORCL) delivered quarterly results that topped analysts’ expectations and projected strong growth, sending shares sharply higher in extended trading Wednesday. US trading partners will get letters within a week or two to set their unilateral tariff rates, Trump reiterated on Wednesday, renewing the threat of no-deal hikes. Software company Figma officially filed for its initial public offering on Tuesday, looking to build on the momentum new tech stocks are finding in the public markets. Tesla (TSLA) shares are rising in premarket trading Wednesday after three straight sessions of gains following new social media posts from CEO Elon Musk.
Starbucks (SBUX) shares are climbing toward prices not seen since April, when newly enacted tariffs dragged down the market. The yield on the 10-year Treasury note, which affects borrowing costs on a wide range of loans, notably mortgages, was at 4.42%, down from 4.47% at yesterday’s close and 4.51% before the release of the inflation report this morning. The U.S. dollar index, which measures the performance of the dollar against a basket of foreign currencies, fell 0.5% to 98.64. Meanwhile, the US dollar (DX-Y.NYB) sank to its lowest level in three years amid the tariff threats and as fresh price data showed a so-far mild impact from Trump’s tariff policies. Wholesale inflation increased less than economists expected, one day after its consumer counterpart showed an easing in price pressures. With the trade war back in focus this week, investors are wondering Trump will once again ease his toughest tariff talk and avoid roiling stocks.
The company in a press release said it was offering $1.75 billion in the notes, with as much as $250 million more available to initial purchasers of the notes. Intel (INTC) shares tumbled more than 6% to forex scalping strategy profitable and simple lead S&P 500 decliners, giving back most of the big gains posted on Tuesday. Shares of Advanced Micro Devices (AMD) slipped nearly 2% ahead of the company’s ‘Advancing AI’ event on Thursday. Stocks closed slightly lower Wednesday as investors digested a closely watched inflation report and the latest developments in trade talks between the U.S. and China. Please bear with us as we address this and restore your personalized lists. “An optimistic take on the data would be that the pickup in goods inflation reflects some preemptive price hikes ahead of the tariffs,” he continued.
Meanwhile, the relative strength index confirms bullish price momentum, though the indicator remains below overbought levels, providing ample room for further upside. After hitting its all-time high last month, bitcoin’s price consolidated within a flag, a chart pattern that indicates a continuation of the cryptocurrency’s uptrend that started in early April. Shares of nuclear energy startup Oklo (OKLO) skyrocketed Wednesday after the company announced it had tentatively landed a “mission-critical” contract to provide nuclear energy to a U.S. Oil companies were up, with Occidental Petroleum (OXY) and ConocoPhillips (COP) both finishing up more than 2%. GameStop’s stock, which fell about 5% in the day’s regular session, was off another 11% in after-hours action.